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ITS EDUCATION ASIA ARTICLE


Half world's fossil fuel assets could become worthless by 2036 in net zero transition


A very interesting read in The Guardian highlighting the complexity of any transition, especially the carbon transition we know we need to undertake. A report in Nature Energy shows how transitioning offers both opportunities and dangers. High income countries have already seen something similar as they transitioned from industrial to post-industrial economies from the 1970s onwards. Many places still feel the negative impacts of that today, while others have boomed. Moving away from carbon-based economic activity will have similar repercussions which governments need to manage carefully and where the UN has a key role.


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